# Regulation (EC) No 294/2008 of the European Parliament and of the Council of 11 March 2008 establishing the European Institute of Innovation and Technology, Article 7b: Duration, continuation and termination of a KIC

Extent: E+W+S+N.I.

1. Subject to the outcome of the continuous monitoring and periodic evaluations and to the specificities of particular fields, a KIC shall normally have a time-frame of seven to fifteen years.
2. The EIT may establish a framework partnership agreement with a KIC for an initial period of seven years.
3. The Governing Board may decide to extend the framework partnership agreement with a KIC beyond the period initially set, within the limits of the financial envelope referred to in Article 19, if this is the most appropriate way to achieve the objectives of the EIT.
4. In the event that evaluations of a KIC show inadequate results, the Governing Board shall take appropriate measures, including the reduction, modification or withdrawal of its financial support or the termination of the agreement.

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Source: https://www.legislation.gov.uk/eur/2008/294/article/7b (the official version)
Page: https://openlegislation.uk/eu-regulation-2008-294/article-7b
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.